Ensuring Income Tax Deferral for Retirement Plan Beneficiaries

Some of the most generous provisions of the tax code are those that permit beneficiaries of IRAs and other qualified retirement plans to defer income tax on the plans until time of withdrawal. This allows the IRA or qualified plan to grow significantly more than if it were subject to tax on gains each year. Another...
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Costly Estate Planning Lessons to Avoid

The current status of the late Prince Rogers Nelson is a stunning, costly lesson in estate planning that teaches us the same fate that befell Prince’s estate can happen to anyone who fails to properly plan his or her estate. It doesn’t matter if we are in his home state of Wisconsin, or right here in Corning, New...
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Don’t Be Tricked by Digital Assets

Today, more and more of us do everything electronically. Consider your relationship to technology today. What device do you use to access the internet? How often to you go online? What tools or services do you use that are “online only”? Who owns your accounts in addition to you? Have you included digital asset...
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5 Things You Need to Know About HIPAA

When it comes to privacy and health care we all have questions. Just what is HIPAA? Who can access our records? How much permission should we provide? Many of remember the time – a simpler time – before 1996 when the President signed the Health Insurance Portability and Accountability Act into law. Planning for our...
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The Best Way to Show You’re Thankful for Family

November always gets us thinking about thankfulness. It’s probably because we are getting ready for the Thanksgiving holidays in our households and in our firm. It’s a frequent conversation with clients and we love to hear the stories of how everyone celebrates in their own way. It’s times like this, when our...
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Supporting Our Veterans

Across our nation this November 11th, we will all thank our veterans for their service to our country. Veterans Day started as the anniversary of Armistice Day, initially recognized by President Wilson in 1939, and became the holiday as we know it under President Eisenhower in 1954. It got me thinking, while I find...
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It’s Time for Medicare Annual Enrollment Period

Starting in the month of October, those of us who are eligible need to make our Medicare elections. This is the Annual Enrollment Period (AEP). AEP occurs every year and this year takes place from October 15th to December 7th. Choices made will start on January 1, 2017. Medicare provides notice of the open enrollment...
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What Does the New Year Hold?

Many of my clients are asking me what the New Year holds considering the most recent election. No matter what your party affiliation, this is a good question to be asking and a topic we should all be watching going into 2017. While we do not know what will happen, these are three of the things I anticipate we may see...
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Holiday Conversations You Can’t Avoid This Year

The holidays mean that many of us are coming together as a family. For those of us who can’t get together in person, calls will be made, emails sent, and, yes, even video conferencing. When it comes to connectivity, just ask me about texting with my kids who demand immediate responses no matter what I’m doing. Amidst...
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Tips for Before You Travel This Year: Part 1 of our Travel Safe! Series

Planning a trip can be almost as fun as going on the trip itself! Looking forward to packing what you’ll need during your trip and planning ahead for what you will do once you get there is part of the process, but how much time do you spend with your mindset on the homefront? Preparing yourself to leave? Often, we...
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